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WorksheetsEntrepreneurship Chapter 11 Test Review
Total questions: 40
Worksheet time: 21mins
Human resource management is concerned with ________ competent employees.
obtaining
training and keeping
obtaining, training, and motivating
obtaining, training, motivating, and retaining
A small business owner should never share his or her values and plans for the business with a job applicant. That information is classified.
True
False
When an employer notices an employee not performing well or causing problems, the employee should be fired immediately.
True
False
The employees of a company are usually referred to as the capital resources.
True
False
The employees of a company are usually referred to as the human resources.
True
False
The amount of money a salaried employee is paid does not change, no matter how many hours per week are worked.
True
False
A profit-sharing plan is a type of compensation package that includes a base salary plus commission.
True
False
In a small business, all employees may report directly to the company owner. In large companies, lower-level employees usually report to a supervisor.
True
False
In a new business venture, the entrepreneur may serve in all levels of management.
True
False
The Affordable Care Act (ACA) requires businesses with 10 or more employees to provide health insurance or pay a penalty.
True
False
A training program for new employees should begin as soon as they are hired; training should end when the employee has learned how things are done.
True
False
When a company “screens” job applicants, people who are not right for the job are removed from consideration for the job.
True
False
When you decide to make a job offer to a candidate, contacting the person by e-mail is the best way to extend the offer.
True
False
Adding employees to the payroll is costly for a business.
True
False
One of the best ways entrepreneurs find employees is by acting on referrals from friends, acquaintances, or employees.
True
False
Social media sites are a poor choice for recruiting, because job seekers see these sites as social outlets rather than a place to search for jobs.
True
False
Both paid leave and vacation represent costs to employers, because employees are paid while they are not working.
True
False
Which of the following is a way to motivate employees?
treat all employees the same
empower employees by including them in decision making
praise employees frequently
all of the above
An organizational chart shows the company’s chain of command, which indicates
who has been working at the company the longest
the physical layout of a store or business
who reports to whom in the company
the salaries of all company employees
A small business owner should do all of the following when interviewing potential employees EXCEPT
explain the atmosphere in which the job applicant would work
avoid ruling out a job applicant until the interview is over
refuse to allow the job applicant to ask questions—you are the one asking the questions
talk about the significance of working at a new business
An amount paid for a job position stated on an annual basis is called a
bonus
commission
wage
salary
In this type of job training, employees receive regular feedback and instruction from their manager.
coaching
on-the-job training
shadowing
mentoring
All of the following are resources an entrepreneur can use for recruiting EXCEPT
in-store advertising
classified advertisements
employment agencies
all of the above can be used as recruiting resources
Students who will work for little or no pay in order to gain experience in a particular field are called
interns
temporary employees
apprentices
freelancers
This law defines the employment relationship between an employee and an employer.
Fair Labor Standards Act of 1938
Age Discrimination in Employment Act of 1967
Americans with Disabilities Act of 1990
Civil Rights Act of 1964
A specific work activity an employee performs—such as answering the telephone or making photocopies of reports—is called a
job
task
human resource
function
Which managers work directly with the employees who perform the day-to-day tasks of a business?
middle managers
top management
supervisors
all of the above
Dexter sells stereo equipment and is compensated under a combination plan. He earns $14.25 per hour plus 15 percent of whatever he sells. Last month, Dexter worked 150 hours and sold ten stereo systems. Five of the systems were high-end models with a price of $2,500 each. The remaining systems were $750 each. What was Dexter’s total compensation last month?
$4,575
$2,137.50
$28,750
$4,312.50
Last year, Sterling sold $790,000 worth of industrial equipment. He received 12 percent of his sales as commission. What dollar amount was Sterling paid on commission?
$94,800
$695,200
$884,800
$58,700
Penelope worked 90 hours this month. She earns $10.50/hour. How much did Penelope earn this month?
$900
$945
$420
$787.50
Determining the number of employees you need and defining a process for hiring them is called __________.
recruiting
benefits
delegating
staffing
